1. Staking Start Time: August 7th, 2:00 PM (UTC+8)

2. In this phase, $Seal staking only supports L2 (CKB chain) and does not support the Bitcoin mainnet.

3. Each staking transaction fee is 397 $CKB (refundable). Of this, 253 $CKB is used for BTC time lock and will be automatically refunded to the user upon unlocking; 144 $CKB is used as space occupation fee for airdropping $STB. If users stake multiple times, this fee will be charged for each staking transaction.

4. There are two staking pools, both using linear staking, where early staking means early unlocking.

   1. 30-day staking pool, sharing 6% of the total $STB

   2. 60-day staking pool, sharing 12% of the total $STB

For example, in the 30-day staking pool from August 7th to September 6th, User A can choose to stake at any time within this period. Once staked, $Seal is automatically locked and cannot be withdrawn until the full 30 days are completed. The staking pool closes on September 6th, at which point the total staked amount is calculated, and the proportionate $STB airdrop for each user is determined. Users who stake at the earliest on August 7th will have their $Seal and $STB airdrop unlocked first after the staking pool closes on September 6th; users who stake last on September 6th will have their $Seal and $STB airdrop unlocked last on October 6th.

Both staking pools start simultaneously, so users participating in the 30-day staking pool can continue to participate in the 60-day staking pool after their staking period ends. However, please note that unlocking is based on BTC block height rather than exact time. Therefore, users who participate in the 30-day staking pool on the last day (September 6th) may not have enough time to participate in the 60-day staking pool. It is recommended to stake early. If a user participates in the 60-day staking pool first, they cannot participate in the 30-day staking pool afterwards.

5. $Seal Unlocking and $STB Airdrop Method

The unlocking process for $Seal and the $STB airdrop method remain the same as Phase 1. After unlocking, $Seal will automatically return to the user's wallet, and $STB will be automatically airdropped to the user's wallet.

How to stake?

1. Preparation

• Ensure you have a supported wallet - JoyID, Unisat, or OKX

• Prepare at least 500 $Seal tokens.

2. Access the Seal2earn Platform

Visit the Seal2earn platform website: https://seal2earn.xyz/

3. Connect Your Wallet

1. Click the "Connect Wallet" button.

2. Select the wallet you want to use (JoyID, Unisat, or OKX).

4. Enter the Staking Amount

1. Input the amount of $Seal tokens you want to stake.

2. Verify that the staking amount is greater than or equal to 500 $Seal.

3. Click the "Confirm" button.

5. Confirm Transaction

1. Carefully review the transaction details and Confirm Transaction in your wallet

6. Successful Staking

Upon transaction confirmation, your $Seal tokens will be locked for 7 days by BTC time lock. You will receive your Stable++ rewards after 7 days.

Managing and trading L2 (CKB) Wallet Assets

You can transfer or trade Seal/Stable on the following platform.

Transfer

JoyID: https://app.joy.id/

1. Switch to the CKB wallet from the homepage.

2. Perform transfers or receive assets within the wallet.

Unisat and OKX:

1. Connect your wallet to the Mobit Asset Manager: https://mobit.app/

2. Manage your assets within the Mobit Asset Manager.

Trade

1. AMM DEX: https://utxoswap.xyz/swap

2. Orderbook DEX: https://omiga.io/

Frequently Asked Questions

Q: Can I unstake my seal once I staked?

A: No. Once staked, your $Seal tokens are locked by code. No one including us can unstake/unlock your assets in advance.

Q: Where can I find my L2 account?

A: Every BTC address has a corresponding L2 account. For JoyID user, switch to CKB network directly; For unisat/OKX user, use mobit https://mobit.app/ to find and manage your L2 account

1.Basic Information:

Stable++ is an over-collateralized stablecoin protocol within the RGB++ ecosystem. Its token is $STB, with a total supply of 21M.

As the first project on the IBO platform, Stable++ has considered ecological development and the interests of participants. To maximize participant benefits, there will be no “community fundraising.” $STB will be distributed in a new way, bringing more innovative issuance methods to the Bitcoin ecosystem.

Website：www.seal2earn.xyz

2.IBO (Initial Bitcoin Offering) Process

Note: The following times are in UTC+8.

Phase 1: Stake $Seal for 7 Days to Earn 2% $STB

1.July 26: Staking begins; staked assets cannot be withdrawn until August 5.

2.July 29: No further staking will be allowed; staking rewards will begin to be calculated**.**

3.August 5: 7-day staking ends; 2% of $STB will be proportionally distributed to the stakers.

*Staking Method: Stake RGB++ asset $Seal on Bitcoin mainnet to earn $STB, which is airdropped to the corresponding L2 (CKB) address.The unlocked $Seal will also be returned to the L2 address, not the Bitcoin mainnet.

*Example: If 1 million $Seal are staked, and User A stakes 10,000 $Seal, they receive 0.02% of $STB.

*Note: Minimum stake is 500 $Seal. If an address holds less than 500 $Seal, staking will fail.

Phase 2: Stake for 30/60 Days to Earn 18% $STB

*This phase starts on August 6. At that time, users have two staking options:

• Stake for 30 days to earn 6% $STB

• Stake for 60 days to earn 12% $STB

*In this phase, a linear staking method is used. For example, in the 30-day staking pool, from August 6 to September 6, User A can choose to stake at any time. Once staked, $Seal is automatically locked and cannot be withdrawn. It must be staked for the full 30 days before it can be normally withdrawn. The staking pool will close on September 6, at which point the total staked amount is calculated, and the proportionate airdrop of $STB for each user is determined in advance.

Staking Method: Users can stake RGB++ asset $Seal on either the L1 Bitcoin mainnet or L2. After staking ends, users need to manually claim their $STB and unlocked $Seal, which will be sent to the L2 address.

Example: For the 30-day staking pool, if a total of 1 million $Seal is staked, and User A stakes 10,000 $Seal, they will receive a proportionate distribution of 1% * 6% = 0.06% of $STB.

*Users can participate in the 30-day staking pool and then continue with the 60-day staking pool.

Note: Each address must stake at least 500 $Seal. If an address holds less than 500 $Seal, staking will fail.

Phase 3: Airdrop 30% $STB to RGB++/BTC/CKB ecosystems

Through liquidity incentives in the RGB++/BTC/CKB ecosystems, we will airdrop 30% of $STB to users.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Phase 4: Airdrop 40% $STB to Stable++ ecosystem

Through liquidity incentives in the Stable++ ecosystem, we will airdrop 40% of $STB to users.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Phase 5: Team Allocation Release

10% of the team’s tokens will be released.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Ps：

Future IBO projects will include a “community fundraising” phase, where the raised funds will automatically create LP on UTXOSwap and be locked for one year. This model is also the first of its kind in the Bitcoin ecosystem.

X ：Seal@btckbseal https://x.com/btckbseal

@CKBEcoFund https://twitter.com/CKBEcoFund

Seal Community：https://t.me/sealrgbpp

CKB Community: https://t.me/ckb_community

About RGB ++ Upgrades:

With the next wave of narratives in the CKB ecosystem, the latest technological upgrade to RGB++ Layer brings bridge-less cross-chain and smart contract functionalities to all UTXO chains, aggregating liquidity and kicking off the Bitcoin Finance (#BTCFi) Summer. #SEAL https://x.com/btckbseal is the first leading asset on the RGB++ protocol, and UTXOSwap will soon launch a points system, allowing users to earn airdrop points through interactions. While other BTC L2s are still using the EVM model, the RGB++ Layer's native UTXO base is better suited to support new narratives and financial applications like inscriptions and runes, paving the way for #BIFI innovations.

About the first asset $Seal on RGB ++ layer

The BTC ecosystem's first Launchpad platform, developed and operated by the Seal community, will introduce a new model of IBO (Initial Bitcoin Offering). As the first ecosystem token, $Seal allows users to stake2earn projects’ tokens. The platform supports creating liquidity pools on UTXOSwap through smart contracts and offers various asset issuance and DeFi functionalities based on RGB++ Layer’s smart contracts. In the future, the IBO platform will also encompass a broad UTXO ecosystem, including BCH and Dogechain, to empower $Seal and launch a wave of Bitcoin Finance (BTCFi) supported by smart contracts. 总结：

Summary: Seal is the leading asset of the RGB++ Layer. It can be compared to Pizza in terms of valuation, which is currently low, with potential to be compared to Orid. The Seal community is developing and operating an IBO (Initial Bitcoin Offering) tool platform in this RGB++ Layer upgrade. 关于IBO About IBO

**Seal2earn：**The first IBO (Initial Bitcoin Offering) platform Build by Seal, Governed by Seal, Owned by Seal

Why are we launching an IBO (Initial Bitcoin Offering) platform?

With the introduction of the RGB++ Layer and the launch of UTXOSwap, we've found a new way to issue assets on all UTXO chains: IBO (Initial Bitcoin Offering). For the past 16 months, the Bitcoin ecosystem has had only one way to issue assets: fair mint. Fair mint is great, but without other innovations and experiments, isn't the ecosystem becoming too boring? Plus, how do we address liquidity? How can we better attract projects to issue tokens in the Bitcoin ecosystem? These are all challenges hindering further development.

Advantages of the IBO Model:

Features: Launchpad for RGB++ Assets: Serves as a dedicated platform for launching RGB++ assets.

Empowers $Seal: Allows Seal to lock and mine project tokens, enhancing its utility and value.

Smart Contract Integration: The IBO platform supports creating pools on UTXOSwap directly through smart contracts. Additionally, it facilitates asset issuance and DeFi activities based on smart contracts, capabilities previously unattainable in the BTC ecosystem.

Current Asset Issuance Methods Comparison:

VC Tokens:

Low Liquidity, High Valuation: Tokens have limited circulation and high valuations.

Community Disengagement: The community is often not involved in the distribution or growth.

Fair Launch in Bitcoin Ecosystem: 100% Liquidity: All tokens are available for circulation from the start. Lack of Motivation or Planning: The project team may lack incentives or a plan for post-launch development, or there may be no team at all.

IBO Model (New Approach): High Liquidity, Low Valuation: Tokens start with high circulation and lower initial valuations. Community-Driven: Empowered by the community from the beginning, with tokens allocated to $Seal holders. Balanced Token Distribution: Provides a more balanced and sustainable token model, bridging the gap between VC tokens and Fair Launch.

To be specific：
1>Projects can launch IBOs on Bitcoin mainnet, Dogechain, BCH, and other UTXO chains.

2>Funds raised from IBOs are untouchable by the project team. Smart contracts automatically use these funds to create initial liquidity on UTXOSwap, and LP tokens are locked for 1 year.

3>The IBO sale represents only a tiny portion. The vast majority of tokens will be distributed for free to the community through staking. We encourage projects to circulate tokens quickly, eliminating constant VC unlock pressure.

4>IBO price is set to match seed round prices, giving the community the same deal as VCs. 5>IBO sale uses bonding curve. If the sale isn't completed within the set time, the IBO fails, and funds are automatically refunded to participants via smart contract.

Target Projects: Bitcoin Ecosystem: High-quality projects with funding within the Bitcoin ecosystem.

Broad UTXO Ecosystem: Includes a wide range of UTXO-based projects, such as BCH (Bitcoin Cash) and Dogecoin.

Final Outcomes:

High Liquidity: Achieves rapid and high circulation of tokens.

Balanced Interests: Community-driven approach that also motivates the project team, aligning interests of all parties involved.

Launch the Bitcoin Finance (BTCFi) Ecosystem Supported by Smart Contracts

Key Milestones: IBO Launch: Expected to go live during the Nashville Bitcoin Conference.

First IBO Project: Stable++ is set to be launched in the first phase.

X ：
Seal@btckbseal https://x.com/btckbseal

@CKBEcoFund https://twitter.com/CKBEcoFund

Seal Community：https://t.me/sealrgbpp

CKB Community: https://t.me/ckb_community

#Seal #IBO #CKB #BTCFi